IN RE CENDENT CORP. SECURITIES LITIGATION

No. CIV. 98-1664(WHW).

109 F.Supp.2d 235 (2000)

In re CENDANT CORPORATION SECURITIES LITIGATION.

United States District Court, D. New Jersey.

August 15, 2000.


Attorney(s) appearing for the Case

Dennis J. Block, Cadwalader Wickersham & Taft, New York City.

James E. Lyons, Thomas Stevens, Skadden, Aps, Slate, Meagher & Flom, LLP, Francisco, CA.

Carl Greenberg, Budd Larner Gross Rosenbaum Greenberg & Sade P.C., Short Hills, NJ.

Steven S. Radin, Matthew S. Hawkins, Sills Cummis Radin Tischan Epstein & Gross, Newark, NJ.

Greg A. Danilow, Weil, Gothshal & Manges LLP, New York City.

Richard J. Schaeffer, Dornbush Mensch Mandelstam & Schaeffer, New York City.

Donald A. Robinson, Robinson Lapidus & Livelli, Newark, NJ.

Gary P. Naftalis, Kramer Levin Naftalis & Frankel, New York City.

Samuel Kadet, Skadden, Arps, Slates, Meagher & Flom LLP, New York City.

Herbert Jay Stern, Stephen M. Greenberg, Stern & Greenberg, Roseland, NJ.

James G. Kreissman, Jacob S. Pultman, Simpson Thacther & Barlett, New York City.

Dennis P. Orr, Mayer Brown & Platt, New York City.

Douglas S. Eakeley, Lowenstein Sandler PC, Roseland, NJ.

Alan N. Salpeter, Caryn L. Jacobs, Mayer, Brown & Platt, Chicago, IL.

Robert G. Cohen, William P. Hammer, Jr., Ernst & Young LLP, New York City.

James M. Altman, George B. Yankwitt, Robinson, Silverman, Pearce, Aronsohn & Berman, New York City.

William F. Maderer, Saiber Schlesinger Staz & Goldstein, Newark, NJ.

Helen Gradd, Daniel E. Reynolds, Lankler Siffert & Wohl LLP, New York City.

Thomas G. Griggs, Edwards & Caldwell, Hawthorne, NJ.

Ronald L. Bernstein, Gretchen Baumgardner, Douglas W. Greene, Perkins Coie LLP, Seattle, WA.

Daniel J. Beller, Paul, Weiss, Rifkind, Wharton & Garrison, New York City.

Max W. Berger, Daniel L. Berger, Jeffrey N. Leibell, Bernstein Litowitz Berger & Grossmann LLP, New York City.

Charles H. Landesman, Kearney, NJ.

I. Walton Bader, Bader and Bader, White Plains, NY.

James N. Benedict, Clifford Chance Rogers & Wells, New York City.

Robert J. Fettweis, Roth & Fettweis, Newark, NJ.

Edward J. Dauber, Greenberg Dauber Epstein & Tucker, Newark, NJ.

Eric Tunis, Orange, NJ.

James A. Plaisted, Walder Sondak & Brogan, P.A., Roseland, NJ.

Henry D. Gradstein, Joel M. Kozberg, Eileen M. Cohn, Gradstein, Luskin & Van Dalsem, P.C., Los Angeles, CA.

James C. Gulotta, Jr., Stone, Pigman, Walther, Whittman & Mutchinson, New Orleans, LA.

Margaret E. Haering, Hurwitz & Sagarin, LLC, Milford, CT.

Michael J. Pucillo, Burt & Pucillo, West Palm Beach, FL.

George Vuoso, Gordon, Altman, Butkowsky, Weitzen, New York City.

Bruce E. Gerstein, Barry S. Taus, Brett Cebulash, Garwin, Bronzaft, Gerstein & Fisher, New York City.

David M. Taus, Francis J. Devito, P.A., Hackensack, NJ.

Elwood S. Simon, John P. Zuccarini, Elwood S. Simon & Associates, P.C., Birmingham, MI.

Michael H. Schaalman, Paul D. Bauer, Quarles & Brady LLP, Milwaukee, WI.

D.Greg Durbin, McCormick Barstow Sheppard Wayte & Carruth LLP, Fresno, CA.

James Moyle Clifford, Chance Rogers & Wells, New York City.

Gerald J. Rodeos, Leonard Barrack, Barrack, Rodos & Bacine, Philadelphia, PA.

Robert A. Hoffman, Barrack, Rodoes & Bacine, Haddonfield, NJ.

Seth R. Lesser, Bernstein Litowitz, Berger & Grossman, Hackensack, NJ.

Joel M. Leifer, Joel M. Leifer & Associates, New York City.

Arthur N. Abbey, Jill S. Abrams, Abbey, Gardy & Squitieri, LLP, New York City.

Allyn Z. Lite, Joseph J. DePalma, Lite DePalma Greenberg & Rivas, LLC, Newark, NJ.

Andrew L. Barroway, Schiffrin Craig & Barroway, LLP, Bala Cynwyd, PA.

Joseph Sacca, Jonathan J. Lerner, Skadden, Arps, Slates, Meagher & Flom, New York City.

Lisa C. Cohen, Schindler Cohen & Hochman, New York City.

Jonathan D. Thier, Cahill Gordon & Reindel, New York City.

Andrew R. Jacobs, Michael E. Coslet, Fitzsimmons Ringle & Jacobs, P.C., Newark, NJ.

Melvin Brosterman, Lawrence Greenwald, Stroock Stroock & Lavan, LLP, New York City.

David Sorokoff, Deloitte & Touche, New York City.

James J. McGuire, White & Case, New York City.

Richard L. Klein, Wilkie Farr & Gallagher, New York City.

Thomas G. Shapiro, Shapiro, Iiaber & Urmer, Boston, MA.

Myron D. Rumeld, Proskauer Rose LLP, New York City.

Steven Pontell, Verde Steinberg & Pontell, Fort Lee, NJ.

Howard Sirota, Sirota & Sirota, New York City.

Gerald Palmer, Ricky Shackelford, Jones Day, Los Angeles, CA.

C. Benjamin Nutley, Kendrick & Nutley, San Diego, CA.

Stuart Wechsler, New York City.

Paul Rothstein, Gainesville, FL.

Lawrence Schonbrun, Berkeley, CA.

Corporation Counsel City of N.Y. Law Dept., New York City.


OPINION

WALLS, District Judge.

Pursuant to Federal Rule of Civil Procedure 23(e), Lead Plaintiffs, the New York State Common Retirement Fund ("NYSCRF"), the California Public Employees' Retirement System ("CalPERS") and the New York City Pension Fund ("NYCPF"), move for (i) approval of two settlements, one with Cendant Corporation ("Cendant") and the HFS Individual Defendants named below, and one with Ernst & Young LLP ("E & Y"), and (ii) approval...

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